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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

George Holm will transition to executive chairman of PFG on Jan. 1. Photo courtesy PFG
Virginia 500 August 30, 2023

Retail | Wholesale | Food | Beverage 2023: GEORGE L. HOLM

Performance Food Group’s leader since 2008, Holm has worked for more than 40 years in the food service distribution industry. The Goochland-based corporation was ranked No. 91 on the 2023 Fortune 500 list, with $47.19 billion in revenue reported in fiscal year 2022, up from $30.39 billion in 2021. After holding leadership roles with Sysco, […]

Government | Politics 2023: RICHARD CULLEN
Virginia 500 August 30, 2023

Government | Politics 2023: RICHARD CULLEN

After spending the majority of his 45-year career at McGuireWoods, Virginia’s largest law firm, senior partner Cullen is now Virginia Gov. Glenn Youngkin’s legal counselor.  It’s hardly the first time Cullen has worked in the public sector — he served as U.S. attorney for the Eastern District of Virginia from 1991 to 1993 and was […]

Professional Services 2023: GARY G. WALLACE
Virginia 500 August 30, 2023

Professional Services 2023: GARY G. WALLACE

With more than three decades of finance experience, Wallace has served as managing partner of accounting firm Keiter since 2019. His duties include overseeing growth strategy and providing tax services to public and private industries. Keiter employs 170 people in Virginia and reported revenue of $39 million in fiscal year 2022. He previously served as […]

Economic Development 2023: JASON EL KOUBI
Virginia 500 August 30, 2023

Economic Development 2023: JASON EL KOUBI

El Koubi has served as head of Virginia’s top economic development organization since March 2022, following a five-year stint as VEDP’s executive vice president. Part of the team that helped bring Amazon.com’s $2.5 billion-plus HQ2 East Coast headquarters to Arlington County, El Koubi continues to land big economic wins for the commonwealth, such as last […]

Federal Contractors | Technology 2023: DAVID CALHOUN
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: DAVID CALHOUN

Boeing encountered some issues this spring in producing its 737 Max and 787 Dreamliner planes, due to manufacturing problems, which has contributed to an industrywide shortage of new jets. In a May Bloomberg interview, Calhoun, who heads the world’s fifth largest defense contractor, said that supply chain disruptions to the aerospace industry could continue “for […]

Federal Contractors | Technology 2023: WILLIAM J. “BILL” LYNN III
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: WILLIAM J. “BILL” LYNN III

Leonardo DRS went public in November 2022, with Lynn ringing the closing bell at the Nasdaq, after the completion of a merger with Israel-based Rada Electronic Industries. Leonardo DRS’ parent company, Italian defense contractor Leonardo SpA, retains 80.5% ownership of the $3 billion company. Lynn joined the defense contractor in 2012, after serving as a […]

Finance | Insurance 2023: G. ROBERT ASTON JR.
Virginia 500 August 30, 2023

Finance | Insurance 2023: G. ROBERT ASTON JR.

When he founded TowneBank in 1999, Aston had a vision of creating a Main Street bank that would be focused exclusively on serving the people and businesses in its hometown. Today, TowneBank has over 45 locations, with assets of more than $16.7 billion as of March 31, and supports more than 200 nonprofit organizations through […]

Law 2023: DOUGLAS S. GRANGER
Virginia 500 August 30, 2023

Law 2023: DOUGLAS S. GRANGER

A nearly 40-year veteran of his firm, the second largest in the state, Granger focuses on business transactions, with a specific focus on mergers and acquisitions, and corporate finance transactions. He has substantial experience working with both public and private U.K.-based companies in the U.S. as well as multinational acquisitions. He joined then-Hunton & Williams […]

Real Estate 2023: MICHAEL HALLMARK
Virginia 500 August 30, 2023

Real Estate 2023: MICHAEL HALLMARK

Hallmark is lead developer of the $2.3 billion GreenCity development underway in Henrico County that plans to include a 17,000-seat arena billed as the nation’s greenest concert venue, as well as hotels, retail, office and residential space. An architect, he moved to Virginia in 2018 from Los Angeles, where he designed the Crypto.com Arena, formerly […]

Real Estate 2023: JEFFREY M. HYDER
Virginia 500 August 30, 2023

Real Estate 2023: JEFFREY M. HYDER

In August, Hyder succeeded Stewart D. Roberson as president and CEO of the architecture firm; Roberson continues serving as the company’s chair. Hyder joined Moseley in 1993 after earning his bachelor’s degree from Virginia Tech’s School of Architecture. Over the past 30 years, Hyder has served as an architect, operations manager and leader of the […]

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Top Stories

Virginia Gov. Abigail Spanberger was sworn in as Virginia’s 75th governor, the first woman to hold the office, on Jan. 17, 2026. Photo by Kira Jenkins/Virginia Business

Spanberger sworn in as Virginia’s first woman governor

Under cloudy skies at the Virginia State Capitol, Abigail Davis Spanberger was sworn in as Virginia'[...]

The University of Virginia Rotunda. Photo by Jay Paul

3 U.Va. board members resign at Spanberger’s request

The New York Times reported Friday evening that three University of Virginia board members have resi[...]

An offshore wind turbine. A boat sits in the background.

Federal court grants Dominion injunction, allowing offshore wind construction to proceed

Dominion Energy won a preliminary injunction Friday in federal court, allowing construction to resum[...]

Depositphotos

Virginia luxury packaging provider plans $34M HQ expansion

Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and mo[...]

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 230 employees, many in Virginia

Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees[...]

Depositphotos

Solstice Advanced Materials to invest $220M in Chesterfield expansion

Solstice Advanced Materials plans to invest $220 million to expand production at its manufacturing f[...]

People

Dr. Ameya Kulkarni being named Kaiser's executive director.

Kaiser Permanente names mid-Atlantic medical director

15/1/2026

Dave Wajsgras is Everfox's new chairman and CEO. Photo courtesy Everfox

Former Intelsat CEO to head Herndon cybersecurity company

13/1/2026

Real Estate Information Network's new president John Chandler. Photo courtesy REIN

REIN announces 2026 board of directors

12/1/2026

Regions

Tourism bet pays off for Danville and Pittsylvania

In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according [...]

Shenandoah University President Tracy Fitzsimmons announced the Shine campaign on Sept. 13, 2025. Photo courtesy Shenandoah University

Shenandoah University launches $100M fundraising campaign

Shenandoah University has launched a $100 million fundraising campaign that aims to add a major new [...]

Developer Jerome Malinay spoke at the Sunny Valley subdivision groundbreaking. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Washington County workforce housing project launches

A residential subdivision composed largely of housing intended for the local workforce is coming to [...]

L to R: Virginia Peninsula Community College officials Bobby Perkins, Towuanna Porter Brannon, Steven Carpenter and Todd Estes at trades center groundbreaking Photo courtesy VPCC

Newport News trades center to power maritime workforce

Virginia Peninsula Community College is building a $9 million trades center in southeast Newport New[...]


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